WASHINGTON (AP) — President Barack Obama is proposing to overhaul the nation’s mortgage finance system, including shutting down government-backed Fannie Mae and Freddie Mac. And he has some bipartisan support on Capitol Hill.Obama was to outline his proposals Tuesday at a construction company in Phoenix, once the epicenter of the housing crisis following the 2008 economic collapse. The housing market in the region, as in much of the country, has rebounded in recent months, buoyed in part by low interest rates.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=201587